Summary
GE Aerospace Beats
GE Aerospace (GE) reported Quarter December 2024 earnings of $1.32 per share on revenue of $10.8 billion. The consensus earnings estimate was $1.03 per share on revenue of $9.5 billion. The Earnings Whisper number was $1.06 per share. Revenue fell 44.3% compared to the same quarter a year ago.
The company said it expects 2025 earnings of $5.10 to $5.45 per share. The current consensus earnings estimate is $5.18 per share for the year ending December 31, 2025.
General Electric Co is a diversified company with products & services that range from aircraft engines, power generation, oil & gas production equipment, & household appliances to medical imaging, business & consumer financing and industrial products.
Results
Reported Earnings
$1.32
Earnings Whisper
$1.06
Consensus Estimate
$1.03
Reported Revenue
$10.81 Bil
Revenue Estimate
$9.54 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
GE AEROSPACE ANNOUNCES FOURTH QUARTER 2024 RESULTS
Strong fourth quarter, expects another year of substantial growth in 2025
Fourth quarter 2024:
- Total orders of $15.5B, +46%
- Total revenue (GAAP) of $10.8B, +14%; adjusted revenue* $9.9B, +16% • Profit (GAAP) of $2.3B, +37%; operating profit* $2.0B, +49%
- Profit margin (GAAP) of 21.2%, +350 bps; operating profit margin* 20.1%, +450 bps
- Continuing EPS (GAAP) of $1.75, +62%; adjusted EPS* $1.32, +103%
- Cash from Operating Activities (GAAP) of $1.3B, +5%; free cash flow* $1.5B, +21%
Full year 2024: Total orders of $50.3B, +32% Total revenue (GAAP) of $38.7B, +9%; adjusted revenue* $35.1B, +10% Profit (GAAP) of $7.6B, (27)%; operating profit* $7.3B, +30% Profit margin (GAAP) of 19.7%, (980) bps; operating profit margin* 20.7%, +330 bps Continuing EPS (GAAP) of $6.09, (27)%; adjusted EPS* $4.60, +56% Cash from Operating Activities (GAAP) of $5.8B, +26%; free cash flow* $6.1B, +28% CINCINNATI — January 23, 2025 — GE Aerospace (NYSE:GE) announced results today for the fourth quarter and full year ending December 31, 2024.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, “GE Aerospace delivered a strong finish to 2024 given robust demand for our services and products with fourth quarter orders up 46%, EPS more than doubling, and free cash flow increasing over 20%. Our performance capped off a monumental first year as a standalone company with $1.7 billion of profit growth and $1.3 billion of free cash flow growth.”
Culp continued, "Looking to 2025, we expect double-digit revenue and EPS growth with greater than 100% free cash flow conversion. Guided by FLIGHT DECK, our proprietary lean operating model, I'm confident in our ability to accelerate output and deliver for our customers."
For the full earnings release, please go here.
